Greater San Diego Association of REALTORS®: March 2026 Market Sees Buyer Conditions Amidst Low Sales Volume

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market records a single sale in March 2026, according to figures published by the Greater San Diego Association of REALTORS®. New listings totaled 5, contributing to 20 active listings, while months of inventory stands at 6.8. The market currently favors buyers.

Market Analysis

The Greater San Diego housing market experiences a notably low sales volume in March 2026, with only 1 total sale reported by the Greater San Diego Association of REALTORS®. This figure is down from 3 sales in February 2026 but up from 0 sales recorded in March 2025. Given the extremely small sample size, percentage changes in sales volume are not statistically meaningful.

New listings for the month total 5, adding to an active listings count of 20. This represents an increase in active listings from 17 in February 2026 and 15 in March 2025. The Months of Inventory (MOI) for March 2026 is 6.8, indicating a shift from 5.8 MOI in the prior month and 7.6 MOI in the prior year.

With 6.8 months of inventory, the market condition is categorized as favoring buyers. This suggests that supply is outpacing demand, providing buyers with more options and potentially greater negotiation leverage. The Sales-to-New-Listings Ratio (SNLR) of 20.0% further underscores that new supply is entering the market at a faster rate than it is being absorbed by sales.

Property Type Analysis

Within the Greater San Diego market, detached homes accounted for the single sale reported in March 2026, while attached properties recorded no sales, according to the Greater San Diego Association of REALTORS®. For example, in the Pauma Valley area (92061), detached homes saw 4 new listings and 1 closed sale with a median price of $785,000, contributing to 13 units in inventory and 6.8 months of supply. Attached properties in the same area had 1 new listing and 0 closed sales, with 7 units in inventory and 4.7 months of supply.

The disparity in sales volume between property types highlights varying activity levels, though overall sales remain very low across the board.

Regional Highlights

Across the Greater San Diego region, the overarching trend in March 2026 is the low transaction volume and the shift towards a buyer's market. The increase in active listings from 15 in March 2025 to 20 in March 2026, coupled with the rise in months of inventory, suggests a broader softening of market conditions compared to the prior year.

While specific regional nuances exist, the general sentiment points to an environment where properties may spend more time on the market, and pricing strategies become increasingly critical for sellers. The low sales volume indicates a cautious market, with both buyers and sellers adjusting to current conditions.

For Buyers

In a buyer's market, prospective homebuyers in Greater San Diego have increased opportunities to find properties that meet their needs. With 20 active listings and 6.8 months of inventory, buyers may find more selection and potentially greater leverage in negotiations. It is advisable for buyers to work closely with a REALTOR® to identify well-priced homes and to be prepared to make competitive offers, even in a slower market.

For Sellers

Sellers in the Greater San Diego market face a more competitive environment in March 2026. With only 1 sale recorded and a market favoring buyers, strategic pricing and excellent property presentation are paramount. Sellers should consult with their REALTOR® to accurately price their homes based on current market conditions and be prepared for potentially longer days on market. Highlighting unique property features and ensuring the home is in optimal condition can help attract serious buyers.